Mallam Mele Kyari
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Nigeria boasts of 36bn barrels of crude oil reserves, 200 trn cubic feet of gas as NNPC commits to country’s energy sector success
….Minister of State for Petroleum, Chief Timipre Sylva leads delegation to African Energy Week 2021 in Cape Town, South Africa
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PIA: 3% allocation to host communities may be low in percentage but bigger in value — Kyari
Says provisions meant for host communities will be implemented, delivered
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Petroleum Industry Act: NNPC to be incorporated as private company under the Company Allied Matters Act (CAMA) in six months — Kyari
…NNPC will pay taxes and dividends to its shareholders like other companies
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Shell exit from Nigeria: NNPC to unveil a Comprehensive Divestment Policy (CDP) to guide divestment process
“The areas of focus, according to the national oil company, include abandonment and relinquishment costs; severance of operator staff; third party contract liabilities; competency of the buyer; post purchased technical, operational, and financial capabilities especially in the era of activist investor’s sentiments against funding of fossil fuel projects and alignment with Nigeria national strategic interest’’
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Smuggling, Crude Oil Theft: NNPC, EFCC, Others Partner to Tackle Economic Crime
“We all agree that smuggling is not a business that should be condoned because even for deregulated petroleum products it brings extra cost burden on this country both in terms of safety and security of supply and in securing of foreign exchange.
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Buhari’s vision has translated to boosting NLNG production capacity, growth in oil and gas sector – NNPC GMD, Kyari
NLNG Train 7 groundbreaking is a major confirmation that investors’ confidence has been restored as a result of Buhari’s deliberate patriotic approval
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Nigeria, 10 others make the list of countries with the largest oil reserves in 2021
Some of these countries are embroiled in political turmoil as well as battling with poverty, despite being lucky enough to have large reserves of the most valuable energy source in the world.
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NNPC supplied about 1.44 bn litres of petrol in January 2021 — Report
Records 37.21% drop in oil pipeline vandalism in January
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NNPC Signs $1.5bn Contract for PH Refinery Rehabilitation
The Group Managing Director of the NNPC, Mallam Mele Kyari, described the PHRC rehabilitation project as a dream come true, noting that the project was in line with President Muhammadu Buhari’s promise to the Nigerians to make the refineries work.
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Pipeline Vandalism: Kyari calms the storm
Besides pulling in all crucial stakeholders, the reduction in vandalism, according to the NNPC boss, was also due to the increased surveillance by security agencies. He explained that the corporation has decided to hand over the pipeline security completely to the security agencies “as it is their work to secure government property.” The dramatic overall decrease in pipeline vandalism in the country speaks to the significant efficacy of his approach.
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